The forecast for gutted frozen Atlantic cod production in the UK shows a consistent upward trend from 2024 to 2028. In 2024, the price stands at 3.59 thousand euros per metric ton and is expected to increase steadily to 3.77 by 2028, reflecting year-on-year growth rates of approximately 1.11% to 1.37%. This showcases a positive outlook compared to the previous years of 2023 and earlier. The compounded annual growth rate (CAGR) over the five-year forecast period stands at approximately 1.22%.
Future trends to watch for include:
- Impact of climate change on cod populations and capture capabilities.
- Potential regulatory changes affecting fisheries in the UK post-Brexit.
- Market demand shifts towards sustainable and environmentally-friendly seafood sources.
- The influence of global economic factors on seafood pricing and production costs.
